Tag Archives: Insurance

Kampala, Uganda | JULIUS BUSINGE | Insurance broker Minet Uganda Limited in partnership with AON from the United Kingdom, conducted an oil and gas training aimed at equipping insurers with knowledge about oil and gas risks. Around 40 insurance industry executives attended the workshop at Sheraton Kampala Hotel, the company said in …

The move could see major mergers and acquisitions Kampala, Uganda | ISAAC KHISA | Uganda’s insurance regulator has increased the minimum capital requirements for insurers, a move that is intended to strengthen their capacity to handle risks. The Insurance Regulatory Authority of Uganda requires insurers to boost their capital in …

Kampala, Uganda | THE INDEPENDENT | The Insurance Regulatory Authority has licenced 114 players to carryout insurance business this year. These includes 32 insurance companies; one Micro Insurance firm, one re-insurer, five Health Membership Organizations (HMOs), 35 insurance brokers, two re-insurance brokers and 24 Loss Assessors, adjusters, insureance surveyors and risk …

Brokers, agents told to prove their relevance Kampala, Uganda | ISAAC KHISA | Predictions for Uganda’s insurance industry this year is positive but some players are likely to face uncertain future in their operations. The consensus view among industry players is that the industry will put a strong performance this …

The move could see a slight reduction in insurance premiums in the short run Kampala, Uganda | ISAAC KHISA | Uganda’s insurance companies, will in effect from January, 2019, implement the ‘No premium, No cover’ regulation, as part of the new measures intended to reform the local industry. This means that …

THIS WEEK: Britam unveils Windows Glass insurance Kampala, Uganda | THE INDEPENDENT | Britam Insurance Company (Uganda) Limited has unveiled a new product dubbed “Windows Glass Cover” (WGC) which is an extension of its already existing motor third party insurance cover. Speaking during the unveiling of the cover on Oct.22, Edward …

Kampala, Uganda | JULIUS BUSINGE | Starting Oct.11, Phoenix Assurance rebranded and changed its name to MUA Insurance Uganda Ltd or simply MUA following an event that took place at the Sheraton Kampala Hotel a day before. Phoenix of Uganda Assurance Company Ltd was licensed to do business in Uganda in …

Africa’s insurance industry is facing more disruption than any other industry, posing challenges for some while opening up business opportunities for others JOHANNESBURG, South Africa, | ISAAC KHISA | The opportunities for growth in Africa’s insurance industry are huge despite recent economic and political uncertainty. The insurance industry has done …

Smaller insurers face take-overs from bigger players Kampala, Uganda | ISAAC KHISA | A new push by the regulator to financially strengthen the country’s insurance industry is likely to trigger a wave of mergers and acquisitions as firms race to comply with new minimum capital requirements. The new developments were communicated …

The African Insurance Agency will support solar PV, hydro, wind, geothermal, biomass and cogeneration technologies Kampala, Uganda | ISAAC KHISA | The multilateral insurer, African Trade Insurance Agency (ATI), will provide up to US$10million as financial protection to new small and medium-sized renewable energy projects in Uganda to facilitate their smooth …